Pyxis Tankers Inc (NASDAQ:PXS) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 230,500 shares, a decrease of 12.0% from the June 30th total of 262,000 shares. Based on an average daily volume of 77,000 shares, the short-interest ratio is presently 3.0 days. Currently, 6.3% of the shares of the company are sold short.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Pyxis Tankers from a “hold” rating to a “sell” rating in a research report on Friday. Noble Financial restated a “buy” rating and issued a $2.00 price objective on shares of Pyxis Tankers in a research report on Tuesday.
Shares of NASDAQ:PXS traded down $0.02 during midday trading on Friday, reaching $0.98. 25,320 shares of the company’s stock traded hands, compared to its average volume of 128,166. Pyxis Tankers has a 1 year low of $0.64 and a 1 year high of $3.70. The company has a market cap of $21.77 million, a P/E ratio of -2.00 and a beta of -0.75. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.11 and a current ratio of 0.18. The company has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $1.13.
Pyxis Tankers (NASDAQ:PXS) last announced its earnings results on Monday, August 12th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Pyxis Tankers had a negative net margin of 40.96% and a negative return on equity of 27.52%. The business had revenue of $6.46 million for the quarter, compared to analysts’ expectations of $8.69 million. As a group, research analysts forecast that Pyxis Tankers will post -0.27 EPS for the current fiscal year.
About Pyxis Tankers
Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.
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